Cash Train review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Cash Train suits Australian borrowers with poor credit who need a small sum quickly. Lending tops out at AUD 200 to AUD 2,000 over terms of 2 to 12, so it works as a stopgap rather than a source of headroom, and the Cash Loan fees are heavy.

Key facts

Best for
Small short term cash needs for borrowers with poor credit and a regular income.
Loan amount
A$200 to A$2,000 (Source, checked September 26, 2026)
Term
2 to 12 months (Source, checked September 26, 2026)
Arrangement fee
20% establishment fee plus 4% monthly fee (Cash Loan) (Source, checked September 26, 2026)
Credit check
None (Source, checked September 26, 2026)
Funding time
Often within 30 minutes of approval; same day possible (Source, checked September 26, 2026)
Representative example
A loan of $1,000 over 3 months has fees and charges totalling $320, resulting in a total repayment of $1,320 (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Regular income including Centrelink, Australian resident, 18 or over, 90 days of bank statements (Source, checked September 26, 2026)
Origination fee (%)
20% (Source, checked September 26, 2026)
Loan types
Personal, Payday (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Online Loans Pty Ltd (ABN 62 102 154 781) and Branch Loans Pty Ltd (ABN 28 114 540 797) (Source, checked September 26, 2026)
Headquarters
Australia (Source, checked September 26, 2026)
Founded
2001 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
cashtrain.com.au

Apps and profiles

Get the app
Google Play

Pros and cons

Pros

  • No credit check, so a poor credit file does not stop an application
  • Same day funding, and money is often Often within 30 minutes of approval; same day possible
  • Fixed rate pricing, so repayments do not shift with market rates
  • Free early repayment, so settling the balance sooner adds no charge

Cons

  • The Cash Loan charges fees of 20% establishment fee plus 4% monthly fee (Cash Loan), among the costliest structures on the site
  • Lending tops out at AUD 200 to AUD 2,000, which covers a gap rather than a large expense
  • Terms run 2 to 12, so balances clear fast
Cash Train

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Scored 8.9 / 10 by BorrowCue.

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Who it suits

  • Adults in Australia on a regular income, including Centrelink recipients
  • Borrowers with poor credit who want to avoid a credit file search
  • Anyone facing a small urgent bill, such as a home improvement job

Who should look elsewhere

  • Borrowers who want the lowest cost: Monzo Flex lends £10,000 to £35,000 over longer terms
  • Anyone needing a larger sum: the maximum here is AUD 200 to AUD 2,000
  • Applicants who want a long repayment window: terms run 2 to 12

How your money is protected

Cash Train is a direct lender rather than a broker, so your contract sits with the lender itself and no intermediary stands in between. The representative example shows how fast fees and charges build on a small loan, which matters more here than the headline rate. It holds an Australian credit licence, 389 268.

The company behind it

Cash Train trades through Online Loans Pty Ltd and Branch Loans Pty Ltd, is based in Australia, and handles its own lending. It has operated since 2001 and holds an Australian credit licence, 389 268. Support runs on phone, email and help centre, so borrowers reach the same entity that issued the loan.

How Cash Train compares

Where Cash Train is available

Available
Australia
Licence in Australia
Australian Credit Licence (regulator not named on page) (389 268), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much can I borrow from Cash Train?+

Borrowing runs to AUD 200 to AUD 2,000 in Australian dollars. That ceiling is modest next to lenders offering £10,000 to £35,000, so a Cash Train loan fits a short gap or an urgent bill rather than a large project. Home improvement work is a listed use for these funds.

What fees does a Cash Train loan carry?+

The Cash Loan takes fees of 20% establishment fee plus 4% monthly fee (Cash Loan). On the representative example, a small loan over a short term carries fees and charges that add up to a large share of the amount borrowed, so the total repaid sits far above the sum you asked for. Fixed pricing does not change that.

Will Cash Train check my credit?+

The credit check is none, so a poor credit file does not block an application. What matters is regular income, including Centrelink, residence in Australia, a minimum age and a set period of bank statements on the account, and the loans offered are personal and payday products.

How quickly will I get the money?+

Funding is often Often within 30 minutes of approval; same day possible, and same day funding sits among the listed features for these loans. That speed suits an urgent bill or a home improvement job that cannot wait, and it pairs with an application run on income evidence rather than a credit file search.

How long do I have to repay?+

Terms run 2 to 12, a short window rather than a multi year one. Pricing is fixed, so repayments hold steady, and free early repayment means clearing the balance sooner adds no charge. On a loan that carries a monthly fee, that option matters.

Is Cash Train a lender or a broker?+

It is a direct lender, so you deal with the entity that issues the loan rather than a middleman who passes your application on. The legal entity behind the contracts is Online Loans Pty Ltd alongside Branch Loans Pty Ltd, and funding is handled in house once approval is granted.

Is Cash Train regulated in Australia?+

It holds an Australian credit licence, 389 268, and is based in Australia. The licence is the strongest check on the entity behind your contract, since the regulator is not named alongside it. Support can confirm details on phone, email and help centre.

How do I get help after applying?+

Support runs on phone, email and help centre, so a phone line, email and a help centre are all available once you apply. Because Cash Train is a direct lender, questions about a repayment go to the entity that issued the loan rather than to an intermediary, which shortens the chain when something needs sorting.

Sources

  • cashtrain.com.au checked September 26, 2026

    Backs: Credit needed, Funding time

    “A poor credit history doesn't automatically rule you out. We consider your current situation and ability to repay.”

  • cashtrain.com.au/about-us checked September 26, 2026

    Backs: Founded, Lender type, Loan types

    “We started out in 2001 by offering payday loans to provide quick cash for unexpected expenses”

  • cashtrain.com.au/contact-us checked September 26, 2026

    Backs: Support channels

    “You can contact Cash Train by phone, online enquiry form, or by visiting one of our branches. By Email: Send us your email enquiry to info@cashtrain.com.au”

  • cashtrain.com.au/legal-compliance checked September 26, 2026

    Backs: Headquarters, Legal entity, Licences

    “ABN: 62 102 154 781 Australian Credit Licence: 389 189”

  • cashtrain.com.au/loan-costs checked September 26, 2026

    Backs: Loan amount, Arrangement fee, Representative example

    “our Cash Loans are for amounts ranging from $200 to $2,000”

  • cashtrain.com.au/loan-types/no-credit-check-loans checked September 26, 2026

    Backs: Credit check, Eligibility, Features, Free early repayment, Origination fee (%), Term

    “At Cash Train, our loans under and up to $2,000 do not require any credit checks”

  • cashtrain.com.au/loan-types/personal-loans checked September 26, 2026

    Backs: Pricing model, Rate type, Use cases

    “Fixed Interest Rate: Annual Cost Rate of up to 48%”

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR.

Cash Train

Cash Train

Small short term cash needs for borrowers with poor credit and a regular income.

8.9/10See alternatives

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